Sebco Housing Development Fund

Analysis

Sebco Housing Development Fund is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sebco Housing Development Fund reported income of $1.7m and spending of $1.7m, spending 100% of its income. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sebco Housing Development Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Crossroads Communities ($1.7m), Community Assistance Providers ($1.7m) and Roots Young Adult Shelter ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $1.8m against liabilities of $5.7m, net assets of -$3.9m. It reported 4 employees.